Call Erbes Appraisals, Inc. when you need valuations pertaining to Niagara foreclosures

Foreclosure and Real Estate Owned Appraisals in Niagara County

Houses in foreclosure and properties that have reverted to the bank's control bring forth specific appraisal challenges.

You should know the meanings of "market value" and a "quick disposition" value to know your potential write-down liability when dealing with a home in foreclosure. At Erbes Appraisals, Inc., we have the experience in both providing snapshots of market value for our mortgage clients, in addition to "quick sale" forecasts that understand your time line.

Erbes Appraisals, Inc. has the expertise to deal with the specific dynamics of a foreclosure appraisal. For a company you can rely on, contact Erbes Appraisals, Inc..

Owners of property in foreclosureunfortunately can present unique challenges: For example, they might be combative when it comes to allowing an inspection of the home. They might have abandoned the house already and/or neglected care of the house for awhile - or worse, caused damage to the house.

For a home that has returned to Real Estate Owned, you most likely will be interested in a quick resolution. Regardless, you'll still want to consider three ways of looking at the value of the real estate at hand:

  • As Repaired. Possible market value with the work necessary to make the house marketable at full market value - consistent with similar real estate in the area
  • As-is. The value of the home without any repairs performed
  • Quick sale. With minor investment in repairs - to offload the home quickly, possibly as a "fixer-upper"
Again, we understand your time line and the special circumstances of an REO house, in addition to the special data you will need - competing listings, market trends, and the like. You can count on Erbes Appraisals, Inc. to handle the appraisal of your bank owned property professionally and efficiently. Contact us today.